Saturday, 19 April 2025

Focus on Nio Inc.

FILE PHOTO: A logo of XPeng is seen on the electric flying car XPeng Voyager X2 by XPeng AeroHT, before a demonstration flight in Beijing, China June 18, 2024. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTradeTransport

XPeng projects lower-than-expected quarterly revenue

Tough competition in the EV market and increased EU tariffs on Chinese-made vehicles lead to lower XPeng revenue forecasts.

An Audi Q6L e-tron electric vehicle (EV) is showcased at a Volkswagen media event in Beijing, China April 24, 2024. REUTERS/Josh Arslan
News

Audi’s new China EV series won’t have four-ring logo, sources say

Chinese Audi EV series developed with local suppliers and technologies unlikely to carry usual branding for the German marque.

FILE PHOTO: A staff member hands an umbrella to a man outside a store of Chinese electric vehicle (EV) maker Nio at the company's manufacturing base in Hefei, Anhui province, China June 28, 2024. REUTERS/Ellen Zhang/FIle Photo
AutomotiveBusinessElectric Vehicles (EVs)LabourNewsTransport

Nio CFO Feng steps down, EV maker appoints insider as successor

EV maker Nio said on Friday Steven Wei Feng has stepped down as its CFO, effective immediately, citing personal reasons

FILE PHOTO: A general view of visitors looking at models from BYD, a Chinese automobile manufacturer, during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Leonhard Simon/File Photo
AutomotiveBusinessClimateEconomyElectric Vehicles (EVs)IndustryManufacturingNewsPoliticsTrade

China steps up pressure with EU brandy probe hearing as EV tariffs begin

China has repeatedly called on the European Union to cancel its tariffs, expressing a willingness to negotiate.

China has spearheaded a targeted industrial strategy to boost its EV sector, pouring vast state funds into domestic firms (AFP)
AnalysisBusinessElectric Vehicles (EVs)FinanceIn-DepthPoliticsTrade

Why are Chinese EVs facing EU scrutiny and tariffs?

Beijing has yet to react but a Chinese trade group condemned the bloc's "protectionism".

FILE PHOTO: A drone view shows BYD electric vehicles (EV) before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier for export to Brazil, at the port of Lianyungang in Jiangsu province, China April 25, 2024. China Daily via REUTERS/File Photo
AutomotiveElectric Vehicles (EVs)NewsPoliticsRegulationsTradeTransport

Four-month window for EU-China talks before EV tariffs become permanent

There is a four-month window during which the tariffs are provisional and intensive talks are expected to continue between the two sides.

FILE PHOTO: A view shows a car logo of Chinese automobile manufacturer Chery at a dealership in Vladivostok, Russia, March 22, 2023. REUTERS/Tatiana Meel/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsRegulationsTradeTransport

Carmakers respond to EU tariffs on Chinese-made EVs

With the EU extra duties on Chinese-made EVs expected to take effect on Thursday, some carmakers have decided on counter measures

FILE PHOTO: A person walks next to BYD Seal car in a BYD Auto company and Autotorino store in Milan, Italy, March 20, 2024. REUTERS/Claudia Greco/File Photo
BusinessElectric Vehicles (EVs)FinanceNews

China’s BYD posts 21% jump in quarterly EV sales, closes gap with Tesla

BEIJING (Reuters) -China’s BYD posted a 21% rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world’s...

FILE PHOTO: Journalists inspect China's BYD Atto 3 electric vehicle, during its launch ceremony in Jakarta, Indonesia, January 18, 2024. REUTERS/Willy Kurniawan
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsTrade

Europe’s automakers fret as China EV tariff fears become reality

The European Commission's decision to slap tariffs on imported Chinese EVs could have far-reaching effects for European automakers, as a possible trade war...

A Nio ET7 is displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

China’s Nio expects Q2 EV sales to more than double

Revenue in the three-month period starting April would also nearly double to about $2.3 billion, the company added.

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